CYM 2.94% 3.5¢ cyprium metals limited

Ann: Significant Copper Intersections from Nifty West Drilling, page-54

  1. 3,929 Posts.
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    Market just wants to see the restart study I feel and just getting a bit impatient.

    Not too much stress on my end. Went outside my norm and pre-empted a double bottom. So i've had some smaller buys go through today.

    CYM double bottom.PNG

    Clearly the longer term trend is still down so a potential to break below 18c (usually i would wait for weekly). Copper price has dropped $1000 in the last month as well so that would also be playing some factor shortish term.

    Not too worried about financing timing this year. If we get restart study (likely delayed by test work delay) and the testwork this year. Unless the results are very unfavourable the market will appreciate the removal on uncertainty.

    I'll re-assess long term position post that announcement.
    *buy sentiment reflecting actions today.

    SF2TH
 
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